CNBC reported today that the personal consumption expenditures price index, a key measure of inflation, has risen 0.3% in March. This increase is in line with expectations, but has shown a much greater 4.6% year over year increase. This is greater than what experts have predicted, and is being closely monitored by the Federal Reserve. The results of this inflation report may have a significant impact on the US economy and will be an ongoing focus of the Fed in the coming months.